When a Large and Established Firm Gets into a New

question 161

True/False

When a large and established firm gets into a new line of business, the new innovative unit often requires formalization.

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Definitions:

Opportunities

Chances or situations that present possibilities for advancing one's personal, professional, or economic position.

Leisure Time

The period when a person is not engaged in work or essential activities, allowing for rest, recreation, or personal pursuits.

Studying

The act of devoting time and attention to gaining knowledge of an academic subject.

Costs

Expenses incurred in the production of goods or services, including materials, labor, and overhead.